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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Densiebj who wrote (65508)	10/10/1999 11:25:00 PM
From: Sam Raven	Respond to of 120523

capitalD, You can make some screens with Telescan and other screening programs that have the essentials of the cup and handle formation, but generally you still have to eyeball it. Because there are no fixed distances between the lips of the cup, and between the cup and the handle it is hard to set the criteria that doesn't eliminate lots of potential stocks. Also, doing a screen that would get the volume at all those points is awfully hard. Generally, a cup has around 6 weeks of formation and a handle with 2 weeks. A screen that looks for a stock that has average volume increasing over 3 to 4 weeks, made a new 10 week high within the last 3 weeks and is not less than 60% of its average price for the last 10 weeks, will cover a lot of cup and handle formations. One of my favorite cup and handle stocks is TSCC, which has been having trouble breaking the top of its handle, but the cup and handle formation with volume is classic. If you come up with a really good screen for the formation let me know. Sam www.savvy-trader.com